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. and now it's on to court and jcpenney joining martha stewart living omnimedia against macy's. and seeing the parties in court today for the first time in three months and it's possible the judge could even render a decision today because he's had all of the post trial briefs for quite some time to really determine who, in fact, has the right to sell martha stewart designed products in the categories that macy's claims it contractually owns. right now martha stewart's legal team is presenting its closing argument. jcpenney's team will present after that. each of those legal teams will get 75 minutes each before macy's goes on for two hours of its closing. the judge said he will not ask any questions this time, he'll simply sit back and listen and take notes. macy's is no longer asking the judge to pull the jcpenney everyday products that martha stewart designed off of the shelves but is instead asking that he prohibit martha stewart living from designing any additional products in those categories. also macy's is now seeking damages, attorney's fees and punitive damages and injunctive rel
that he has made. >> we should explain this. it's because he's in martha's vineyard so there isn't the infrastructure to bring back the video as you would normally have. he's interrupting the holiday. it kind of takes a bit longer. i guess you can get the audio because that's where he does his weekly address sometimes but not the video. >> maybe we can get the video once it's recorded and sent out. >> we will. in about half an hour. a voice says in my ear by magic. >> mine, too. >>> royal caribbean ricing in the last couple of months so what is in store now for the rest of the cruise industry? an upgrade on carnival today from goldman's. the president and ceo of royal caribbean will join us live at post nine after this break. geoff: i'm the kind of guy who doesn't like being sold to. the last thing i want is to feel like someone is giving me a sales pitch, especially when it comes to my investments. you want a broker you can trust. a lot of guys at the other firms seemed more focused on selling than their clients. that's why i stopped working at my old brokerage and became a fina
" top spot making $25 million. >>> president obama in washington after a vacation at martha's vineyard. he's got his work cut out for him. egypt, regulation and funding the government. john harwood joins us with the latest. what's top priority? >> top priority for the president that is meeting with financial regular laters. he returned from martha's vineyard to a vacation buffeted by the conflict in egypt and other things that are pressing on a national security basis, more revelations about the nsa as well. he's got a very economic, heavy agenda as he comes to back to washington. congress is still out. he meets with the whole array across the government of regulators about trying to keep pace with implementation of dodd/frank, only 40% of the regulations are done. volcker rule is most important, trying to get that done by the end of the year. the president has also got speeches in upstate new york to press his agenda for a middle out economy. that is not likely to go too far with republicans but he's trying to soften up the ground for the fiscal debates this fall. the president has th
, washington is still on vacation, the president is on martha's vineyard. what news focus we have from the administration has been largely about the crisis in egypt, but we only got a couple more weeks left of this recess, and then we're going to be right back in the budget mess. there are three big issues that have to be resolved. i just want to run through potential elements of the end game. one is what to do about government spending. the fiscal year runs out at the end of september. they're going to have to at least do a temporary spending bill to keep that going while they negotiate. second is the fate of the sequester. it's about $90 billion a year, these cuts, both defense and discretionary spending. a lot of complaints about that there have been from democrats for a long time but republicans couldn't pass their own transportation bill last month before they went on break, so there's more talk about replacing those cuts with other ones, some out of entitlement programs, perhaps not medicare or social security, perhaps things like farm subsidies, maybe some fees being raised as o
in mind because the president has after martha's vineyard been on the road talking about important issues. one of the things he said is narrowing the rich s/poor gap i his highest priority. probably more in tune with trying to push larry summer's position as fed chairman, no artificial bubbles. i want to know the difference between a real bubble and artificial bubbles. here is the deal, why all roads lead to the fed. the stock market is making new all-time records. i still contend that it makes many people scratch their heads because the administration isn't taking credit for what some deem a world class equity rally. why? remember, the fed. because in many ways whether it's bubbles, whether it's timely solutions, think quantitative easing, rich/poor gap, all of this really is being set up right here. think about corporate profits and then contrast that with employment. see, the problem is that really all roads should lead to jobs, jobs, jobs. but there is no real solution to job, job, jobs because the government can't create the kind of jobs that the private sector can that are the real
with martha's vineyard and he takes down the -- we'll leave it there. i don't think anyone. clear history. thank you. let's get to it. here is what you may have missed. >> welcome to squawk on the street. here is what's happened so farment. >> durable goods down, a whopping 7 approximate the 3. >> this is right sizing the industry. so gdp and capacity, those are the issues, the macro issues. >> are you in support of the transaction? >> i think we win either way, whether it goes through or whether it doesn't go through. >> that is the legacy drug a few billion. >> that's a great drug for pancreatic and kidney, nothing for those so this is one of those things amgen suddenly is back. >> that's global markets and agreed to a merger which i know came up last week. they agreed to a deal. >> you buy it and emotional response. >> it is a chick magnet, may i say that? shall i say that? >> i don't like to hang around small chickens. >> should i say it? >> i think bomber did a good job under difficult circumstances. of course he faced the classic innovators dilemma, a big profitable successful compa
. >> i can understand -- i remember when martha stewart was in prison for a time. there was all this focus on how cushy that was. i'm surprised in the case of raj given where he is there's still all these privileges extended. >> maybe they have to protect him. >> i think he's claiming a medical condition, and they're acceding to that request. >> dow continues to struggle here wavering below the triple digit loss and above. david, we'll see you a little later on. we'll talk some europe. if you're just joining us, here is what you missed earlier on. >>> welcome to "squawk on the street." here is what's happened so far. >> we're now in the place where the only question is will we pay the bills that the united states has incurred? and it is just -- the only way to do that is for congress to act, for it to act quickly. what we need in our economy is some certainty. we don't need another self-inflicted wound. we don't need another crisis at the last minute. congress should come back and they should act. >> do you know that every time we have business as usual and they talk, we go down
Search Results 0 to 6 of about 7